PPP Loan Forgiveness Calculation
Assistance & Consulting Services

A benefit of the Paycheck Protection Program (PPP) is loan forgiveness – provided that employers keep their employees working and use the money on approved expenses. PPP loans are forgivable  for approved expenses such as payroll, utilities, rent and mortgage interest within the first eight weeks of receiving the funds. However, the SBA guidance is constantly evolving and final rules were not issues when most businesses applied and began receiving funds. The correct way to code, track, calculate and document your approved PPP loan expenses can be complex to understand and follow. In response, we have assembled a team of CPAs and accounting experts to take on the important calculations and documentation requirements.

With our support, you can focus on what matters most: the needs of your business and employees.

How We Can Help: A Specialized Team for PPP Loan Forgiveness Support and Ongoing Advisory

We can use your accounting software, or our free PPP Loan Organizer, to accurately track your approved expenses during the covered period and compare to the required payroll percentages for loan forgiveness. We organize your information clearly into codes, categories and tables based on the latest SBA guidelines and synced to the forms required for your forgiveness application.

Our team can assist your accounting staff, or supply outsourced professionals to:
  • Track payroll expenses (including Hazard pay, commissions or hourly time sheets to support payroll amounts) during the covered period.
  • Track other payroll-related expenses, including premiums paid for group health insurance, retirement contributions, etc.
  • Track other allowable expenses, including rent, utilities (verify approved by SBA) and mortgage interest (if applicable).
  • Track PPP loan fund use and remaining available balance.

Run either one-time or weekly calculations based on your uses of the PPP loan funds to determine eligibility for loan forgiveness.

Our specialized accounting team can:

  • Calculate expenses you incur during the “covered period” (8-weeks, or up to 24-weeks following the PPP loan funding date, depending on your loan and plan).
  • Based on expenses incurred, determine potential required reductions in PPP loan forgiveness, including the calculations necessary for FTEs (full-time equivalent employees) and individual employee compensation levels.
  • Calculate the percentage of PPP loan funds for payroll to assess compliance with loan forgiveness rules.

Create a repository of documentation to clearly show how loan proceeds are used and create an audit trail for your loan forgiveness application at the end of your PPP disbursement period.  

Analyze your expenses and run scenarios to show the impact on your loan forgiveness requirements – thus giving you opportunity to make adjustments to your payroll, expenses or take other critical measures that may be the difference in staying above the 60% threshold for loan forgiveness. 

SBA guidance is evolving, and unclear. With so much at stake, we can advise you on new guidance and final rules as they are issued – and help you with any adjustments or documentation that is necessary. 

PPP Loan Calculation, Documentation & Consulting Services

PPP Loan Forgiveness Support Plans Based On Your Business Needs

Every business has it’s own unique and unprecedented COVID-19 challenges. At Lurie, we are supporting clients every step of the way by offering solutions that can be scaled or customized to each business. This could be a one-time “second look” by our experienced CPAs to make sure you have tracked your PPP requirements correctly. Or, it could be a weekly service engagement that covers everything, so you have peace-of-mind and can focus on your critical business issues – knowing the complex loan forgiveness requirements are organized and ready for the forgiveness application phase yet to come. In short, we are here to help – when and how you need us.

Level of Support
One-Time Check

Option 1

"A Second Set of Eyes"
  • We Cross-check Your PPP Calculations
  • Calculate Estimated Loan Forgiveness
  • Conduct Phone Call to Discuss Your Plan
Level of Support
Weekly Calculation + Guidance

Option 2

"Your Weekly PPP Co-Pilot"
  • Our Team Updates Your PPP Calculations
  • Verify Required Documentation
  • Weekly Recommendations and Strategy
  • Weekly Phone Call With Company Leadership
  • Updates on Latest SBA Guidance / Rules
  • Run Scenarios to Maximize Loan Forgiveness
  • Advise on Cash Flow Analysis ($2M+ Loan)
Level of Support
Weekly Calculation, Guidance + Documentation

Option 3

"With You Start-to-Finish"
  • Our Team Updates Your PPP Calculations
  • Ongoing Capture and Link to Documentation
  • Weekly Recommendations and Strategy
  • Weekly Phone Call With Company Leadership
  • Updates on Latest SBA Guidance / Rules
  • Run Scenarios to Maximize Loan Forgiveness
  • Advise on Cash Flow Analysis ($2M+ Loan)
  • Assist With Loan Forgiveness ($2M+ Loan)
  • Support With Lender Forgiveness Process

Your Paycheck Protection Program (PPP) Advisory and Support Team:

Kevin Besikof

Partner, Business Valuation, Entrepreneurial Services, Litigation Support

Cory Markling

Director, Transaction Advisory Services

Chris Van Schooneveld

Manager, Business Valuation & Litigation Support

Stephanie Hartje

Manager, Business Intelligence

Michael Mondelli

Manager, Tax Services

Becky Munson

Director, YourBooks®

Amy Jongerius

Team Lead, YourBooks®

Debra Sullivan

General Ledger Associate

Have a Question? Contact Us Today.
Additional Resources For Entrepreneurs and Business Leaders:

Request for Information:

“A Second Set of Eyes”

Request for Information:

“Your Weekly PPP Co-Pilot”

Request for Information:

“With You Start-to-Finish”